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since 2007. but main street is still hurting. unemployment rising. the economy? it's shrinking. gdp contracting last year for the first time in four years and consumer confidence tanking as that payroll tax hike cuts into workers' paychecks. add it all up, is it time to strike calls for more tax hikes? down. i'm brenda buttner, this is "bulls & bears." we've got gary smith, tobin smith, jonas max ferris, and john layfield and susan fox. the white house and democratic leaders still pushing tax hikes. should they be? >> absolutely not, brenda. what i don't understand is how you can propose tax hikes without looking at what the scholars say, the studies say. look, if there was studies out there says raising taxes, great for the economy, i'd get behind it. but you know what, brenda? every single scholarly study for the past 15 years has said one thing: higher taxes, negatively impact growth. it's funny, forget all that, though. if you just look anecdotally, when the left wants to inhibit behavior, whether it's energy consumption or cigarette smoking or any one of the other things they
are off 80, pushing us. let's go back to the economy. president obama and harry reid wants to tax the rich more. more revenue, they say. that means higher taxes. saying his policies will cause the economy to grow. this year. joining us from nashville. art laffer. what you say, if we raise taxes more this year, are we going to grow the economy stronger? >> we can do something, if we broaden the tax base dramatically and lower rates, we can really get the economy growing, but i don't think that is what he is talking about. he is just talking about rubbing the base. stuart: you take money away from a certain group of people and spread it around to the others. >> i don't think we need more taxes, stuart. and by the way, the point harry reid makes, which is correct as far as the senate goes, they were elected to the senate and obama was reelected, but so was the house numbers. the house numbers were elected on their policies as well, 235 republicans, they were not elected to increase spending and push higher tax rates is and they control the house. so using this political argument is a fault, i
, there is no such thing as recovery in sight, we have no economy policy, we have no energy policy, fuel is back up. i mean, people wonder why consumer confidence and confidence from the business owners is down? and the president pulls a you know deal like this, come on. this guy campaigned on jobs and the economy, he gave an inaugural speech on what? immigration, constructing royds and more liberal rhetoric, you know what, this is a step to socialist ladder forget rid of small business then we can control the big guys, i am frustrated and angry. tom: i hear it. marco, you have seep the president, i get up in the morning i think about jobs, i go on bet at night i think about jobs, do you think he has forgotten? >> i don't think he nearly forgotten about it, i think he doesn't know how to create jobs. it is the smalln 'n small busins that create them, if you have not run a business how in the world do you know how to create jobs this is why the count was important and should have been important. >> thank you very much. push to help illegals is on, but nobody is talking about how the cost will add up, we he
:00 p.m. we get our first check on the economy in the new year. the january jobs report is out and despite improving signs, the economy shrank at the end of last year. >> january brought 157,000 new jobs and another 100 27,000 not previous -- 127,000 not previously counted, but the jobless rate went up to 7.9%. >> there is a role for more measures to nudge the rate down. >> there was a shrinking economy at the end of the year. >> we are not going anywhere fast. >> the economy is on a seesaw. >> the president can make any excuse he wants but it will not help americans find jobs. >> the president's job council expires today. >> the white house will begin a new effort to work with the business community. >> the labor secretary thinks immigration reform will help. >> if we can bring those 12 million out of the shadows, that is over $2 trillion. >> congress extended the debt ceiling, that they have yet to prevent big spending cuts. >> 800,000 civilians will lose their jobs. bases will have to be closed. the grants will have to be stopped. >> that could add to the unemployment number
a handle on the economy. let's run through a couple examples. on wednesday reports emerged that the economy contracted for the first time this three he years. yesterday applications for jobless benefits jobbed by more than 38,000 in a week, topping out at 368,000. this news coincidentally came the same day team obama announced it is disbanding the jobs council and then the icing on the cake the unemployment rate back up to 7.9% and the number could easily be over 10% if the labor department didn't play with the number yous to suit the left wing. leslie is also a fox news contributor. hugh i will start with you. tough week for obama-nomics. what do you expect when you only spent 5.8 trillion bucks. >> may go down as the worst reek the recognition we are going into an obama recession and the president has turned his back on the nation's unemployed. the number going up to 7.9%. every where you you turn every arm of the obama administration is launching a war on jobs. every agency. the consequences are this are just beginning to show up and he is indifferent to this and going to shock a lot of
's specious. >>> the economy took an urn expected turn. it shrank for the first time since the great recession. >> reporter: the headline may be disappointing, but the underlying economy was showing renewed strength at the end of last year. consumer spending, which drives 2/3 of the economy was up 2.2%. home building soared more than 15%. and it contributed to economic growth in 2012 for the first time in six years. only government spending cuts on defense caused overall economic growth to flat-line. >> the fiscal tightening is taking a toll. it took a toll on growth in 2012. it will take a toll again in 2013. >> reporter: but in the trade channels of the u.s. economy, the tide appears to be turning. >> i think it's getting better. things are definitely getting better. >> reporter: robert landry is chief commercial officer at portland of new orleans. >> do you think of the port as a leading indicator? >> we are. we see a lot of things before it hits the economy. when people are making decisions, they're making them months in afrd vance to get them -- in advance to get them on board a ship. we'
the a tell you what it means for your wallet and the economy. and for some the super bowl is nothing but filler between those often-times hysterical commercials. jon: love them. jenna: we have a sneak peak at madison avenue's finest. it's all "happening now." take a look at unemployment rate, the new one that we got today i think it's going in the wrong direction. the news not all bad, not all good, we'll work through it for you everybody. glad to have you with us on friday. i'm jenna lee. jon: i'm glad it's friday. i'm jon scott. employers adding $157,000 jobs in january continuing the slow pace of job growth we have seen in recent months and years. it didn't make a dent in the unemployment rate. in fact the nation's jobless rate rising in january to 7.9%, clearly not good news. that doesn't seem to be phasing wall street, though. take a look at the dow, up more than 130 points, and approaching 14,000. senior white house foreign affairs correspondent wednesday algoler joins us live. >> reporter: as one analyst put it the top line is not so good but the bottom line is really not so b
: meanwhile breaking news on the economy. it's the worst it's been in more than three years. but democrats aren't blaming the tax hikes they just pushed through. no. something else. >> our economy is facing a major headline which goes to your point, and that's republicans in congress. >>steve: darned republicans. democrats' plan? print more money. brian. >>brian: make way for the future site of the obama library. but first we need to get ronald reagan's childhood home out of the way. break out the bulldozer. "fox & friends" starts tphoufplt >>gretchen: good morning. usually when we come in in the morning, we all have our own ways of preparing for the show. unfortunately i have to spend a little bit more time in hair and makeup. and during that time is when i start looking at the news papers, the hard-core ones, not on my ipad. i have to say i was a little shocked at the front cover of the new york post this morning when it hit my lap. that one right there. dan marino, we all know over at cbs sports, hall of fame quarterback with the miami dolphins, probably the best quarterback to not win
if the numbers are so bad. >> there were signs that the economy is holding. particularly, when you look at the strength in the fourth quarter, for all the complaints, the economy is showing resilience in the face of the mess going on in washington. in a way, that is good news and i can be positive for stocks. there is nothing in this report that would suggest the fed will change anytime soon. we will continue to see more buying of treasury security, the liquidity will continue to benefit the equity markets. melissa: i was also surprised to see an upward revision for september and december. if you put together the upward revisions, it was an extra 127,000 jobs that we did not know about. >> the tricky thing about the gdp number, though, digging under the surface, it was quite strong. stronger in the fourth quarter than it has been since the beginning of 2012. i think the strong employment numbers and income numbers kind of fit together. melissa: michelle girard, thank you so much. appreciate it. have a good day. lori: ubs getting bearish on the bond market. a new investor classification
. with massive federal budget cuts looming, the local economy has no choice but to ajetion. >> but to adjust. >> sequestration, federal cutbacks, just the threat of that has slowed our economy. >> reporter: that's the big picture. the little picture hits you right in the paycheck leaving local economy watcher dr. steven fuller of george mason crunching the numbers for your bank account. >> we're down about 8,000 jobs from the peak which was in mid- 2010. average salaries in the washington area went down first time. >> reporter: long considered one of the best economies in the country, the washington area is still -- [indiscernible] -- but it's at risk of losing its edge. the transition could change the region's spending habits. >> we won't be able to support so many white table restaurants or won't be able to support as high end a housing market if this continues for many years. we're going through a major change in the economy. >> reporter: even if congress stops the budget cuts, the local economy could be in for a rougher ride this year since we're taking home less money. you can blame the
in april. >> we do begin with a stunning gdp report. the economy contracted to 0.1% in the fourth quarter. first decline since 2009. this as we remain on dow 14,000 watch. the index is fewer than 46 points away from that mark. which hasn't been reached since october 2007. the dow component boeing rising pre-market. it earned $1.28 a share in the fourth quarter, beating wall street estimates. it expects no significant impact from any faa directives involving its 787 dreamliner, and is maintaining its production and delivery forecast. let's get to the gdp number. it is apparent that the economy came to somewhat of a screeching halt in the last two months of the year. >> i think cnbe played a big role. i'll calis a one off number. the reason i call it a one off number is there are way too many companies who reported during this period that did not see this level up -- well, let's just say no growth whatsoever. >> decline. that being said, it may be a one off, but it's still a bit surprising, if not scary. >> well, does it not say that the fed's been right in what it's been doing. >> it does.
a new set of challenges after the commerce department reported yesterday that the nation's economy shrank for the first time since the great recession. >> how did that happen? >> well, government data shows the gross domestic product contracted at a .1% rate in the fourth quarter of 2012. it was the first decline since 2009. it put the white house on the defensive after months of touting steady job growth. >> there's more work to do, and our economy is facing a major headwind which goes to your point, and that's republicans in congress. talk about letting the sequester kick in, as though that were an acceptable thing belies where republicans were on this issue not that long ago, and it makes clear, again, that this is political brinksmanship of the kind that results in one primary victim, and that's american taxpayers, the american middle class. >> okay. what do you think is going on there, joe? >> i think what's going on is that we have spent more money as a government over the past four years than we have in the history of the republic. added $6 trillion in debt. and we have just
. >>> in his weekly address, president obama gave an upbeat outlook for the economy this year. >> we are poised to grow in 2013. the real signs of progress, home prices are starting to climb again. sales are at a five-year high. manufacturing is roaring back. businesses created $2.2 million jobs last year. we just learned our economy created more jobs over the past few months than originally thought. >> joining me is elijah cummings. sir, nice to see you. thanks for joining me. it was a mixed bag for the economy. the gdp detracted but there were good numbers in the report. listening to the president, he sounded optimistic. how do you see the economy? >> i see the economy as being fragile. but definitely moving in the right direction. alex, it's why we have to be so careful with regard to what we do in congress. a lot of the problems that could come about with regard to gdp is a result of the public and business feeling a certain level of uncertainty. we have to make -- we have to do what we are supposed to do in congress, come to reasonable decisions. we have to have some cuts. those cuts have
somethings looking for a better life, better economy. promises made during the revolution. it never came through. the violence has decreased. nothing what we saw over the weekend. but you have people here defying the president's declaration of a curfew and emergency rule where we are in port said. the curfew is technically supposed to go in place in a few hours. but people have told the president, we know there is a curfew. we are protesting anyway. clearly defying him. >> who is in control on the streets? when you look at the pictures you say there is good news that the violence isn't what it was. is there a sense they will continue between the government and protesters that's playing out? lost the signal. we're going to try to get back to him as soon as we can. the turmoil in egypt. real concern for hillary clinton. she talked to cnn about those challenges and what she thinks egypt's struggling new government needs to do. >> it's difficult going from a closed regime and essentially one man rule to a democracy that's trying to be born and learn to walk. there are clear lessons. you have
are focusing on the domestic economy. connell: i hate the media, by the way. charles: don't you? the gdp report was great. the thing that was posted last week was really good. certainly a lot of yellow flags. dagen: hangnail, blame the media. john is, blame the media. connell: let's go to bob, talk about betting on american companies. joining us by telephone today from annapolis. always great to have both on the show. we pull back a little bit today, your positive on the market overall though. what do you make of where we are right now? >> we have come a long way in a short. of time. surprised it didn't happen sooner in my view. i think we are digesting the games. but will we get acceptable economic growth, acceptable earnings growth and will the risks like u.s. politics stay out of the way? the answer is yes and my guess for now it is yes. the path of least resistance is higher. connell: even if you are right, people say boy, initial investors, we will talk later about the fact they have been getting more involved in the market and the inflow starting to look better on that front, but some of
unemployment at 14.4%. in the words of ed koch, how'm i doing? how's our economy doing right now? >> well, it could be doing a lot better but it's not falling apart. i discount that fourth quarter gdp number. we're expanding but not as much as we like. >> jared, you are not feeling well but here and most important. thank you so much for making it here today because it's jobs report friday and a holiday for you. >> well, i'm feeling better just talking about the jobs day. >> there you go. >> makes my blood race. >> turn that frown upside down. >> two numbers jumped out at me. health care jobs up 23,000. retail jobs up 33,000. are we hiring more people in the retail sector because people are starting to send money and need more people to help them spend that money? we starting to see more people in the health care sector? people aren't afraid of obama care or numbers low or what do you think? >> well, health care is kind of -- it did well -- i don't believe there was a month even in the great recession when we were losing 700,000 jobs a month and health care did not add jobs. the job increa
. and eric are you tell meeg when the market closed down, over 14,000 said we have a bad economy today? >> what do you mean it cuts more spend something it doesn't cost anything to get on a telephone does it? >> corporate america proved they're doing fine. it's corporate america, private sector everybody on the right like my friend says should be creating jobs not the government's responsibility to create jobs why do we need a jobs council, gentlemen? >> it's the noft's responsibility to kill jobs. a plant in corpus christi killed by epa just this week. that sage hand in southwestern california listed going to shut down oil and gas exploration, kill off housing in colorado then let's talk about the see quest traigs that and medical device tax, 2.3% on gross rets. props biggest job killer kicked in. that is the government killing jobs. private sector doing best it can, but your president, your party are killing off jobs in this country. not the private sector that snot doing it's job. it's the federal government killing it. >> i want you to listen to, on wednesday, also, gdp number came
the end. that's for sure. >> oh, yeah. >> john berman, many thanks to you. >>> let's turn to the economy and new and encouraging signs this rng mmorning, more evidenc jobs market is recovering, albeit agonizingly slowly. 157,000 jobs were added last month and later this hour, wall street begins the day a little giddy. the dow celebrating its best january gains since 1994, and it all comes on the heels of president obama disbanding his jobs council, a group of business leaders who advised him on the economy. republicans were quick to seize on the news, scoffing at the white house's handling of the council and the economy overall. >> if the white house spent nearly as much time trying to actually fix the economy as it did claiming it was fixed and then finding excuses and sca scape goats when its premature announcements were false i suspected the economy would be better than it is doing here today. >> christine romans, is he right? the unemployment rate is still what, 7.9% now. >> yes, 7.9%, 157,000 jobs created in january. that's modest hiring. that is an economy that is healing still slo
. >> the state of the economy measures to we need see. >>> are you through raising tax rates? >> i don't think the issue right now is raising rates. the question is if we are serious about reducing our deficit can we stop waste in govment, can we conform healthcare programs in particular. we spend a lot more on healthcare than every other country does and we don't get better outcome. there are things we can do to reduce healthcare costs. >> and can we post loophole deductions lawyers take advantage of so they paoloer rates than bus driver or cop? if you combine those together you cannot only reduce the deficit but continue to invest in things like education and research and development that are going to help us grow. >> just a few hours from now president obama will continue his push for gun control. the heated topic on sunday talk shows. kelly wright is life in washington can more. >> president obama will travel to minneapolis the city that is making steps to curb gun violence. he will talk about the issue that can be taken on the federal level to reduce gun violence. it shows deep de visions
a month. that takes a year. and this is what -- and they're putting that much money back in the economy each month. this is very powerful stuff. we're seeing, you know, further expansion in bank lending. i think today in the loan officer's survey from the fed, you're going to see further easing and bank lending standards which we have found to be a pretty good leading indicator of the overall economy. >> bank loan portfolios year on year were up 80 basis points. that's less than 1%. and there's still a huge credit impairment in the mortgage part of the market, which is roughly 50% of bank balance sheets. again, those issues are fannie and freddie mispricing the risk on the high end, fha mispricing the risk on the low end. no requirement in the game roles. that's where you need -- when you look at the senior loan officers survey, that's where you see -- >> i want to ask you a question, macro question. if you had a choice, let's say you had one of those time machine things and you could take the global macro environment for dow 14,000 in october 2007, or the global macro environment for d
is? but if you want to compete in the local economy you may want to brush up in one of the biggest economies. the u.k.'s next generation may not be able to compete on the global stage because there's not enough schools teaching mandarin chinese. the british council found only 3% of primary and 9% of secondary schools say their schools offer mandarin and china becoming the world's second biggest economy in 2011. so why should we learn this language? some say you are guaranteed a job if you learn it. >> it's what the chinese call chinese rice bowl. if you learn mandarin, you're made for life. i can think of two or three lads i've interviewed in schools in london were literally the age of 17 fighting off u.k. customers. three or four or five fighting off job offers. 150,000 with french and 200 ,000-plus with mandarin. >> you probably can't see these from where you're sitting. tiny things. canadian pennies. say goodbye. tell you about this story. they are getting rid of them. there are 6 billion in circulation but today is the day they are gone. >> thank you. >> well, say with us here
spending cuts that could hurt the economy, if they kick in if scheduled march 1. the president is proposing a smaller budget deal now and a bigger one later. danielle nottingham has the latest. >> president obama is calling on congress to stop massive automatic spending cuts with a short-term fix. >> our economy right now is headed in the right direction. it will stay that way as long as there aren't anymore self- inflicted wounds coming out of washington. >> congress and the president signed off on the automatic cuts to force themselves to deal with the nation's skyrocketing debt. the original deadline was january 1, and when they couldn't reach a larger budget deal then, they postponed it to march 1. >> the white house wants another short-term fix to head off a hit to the fragile economy and give lawmakers more time to work out a ten-year plan. >> we should give them the chance to come up with this budget instead of making cuts now that will cost us jobs and significantly slow down our recovery. >> the president continues to push an approach that includes more tax revenue along with
reason the economy and he's not delivering. >> talk about the policiless that are hurting black americanings whampt were the policiless that you feel have kept people from being able to move forward. >> when i was in college we read a back called the negro family a case near national academies. >> 20 of the blacks were born out of wet lookings that has tripem for whites is it 35 percent. we have rewarded people and given women financial incent itches and allowed the men to abandoneded thet. bill cosbee called them unwed fathers. >> single parent hood and kids growing up and stipulated by taxpayers and government are programless. they don't want to make it so the kids don't have food or healthcare. . >> when i talk to blook. i try not to use the heritage foundation that did study on absent fathers and dropping out of high school and crime and getting on welfare. charles murray did a book called losingly ground and the damage done by the nuclear family. it is it call would tupac. >> and they like to hear me say if i had a father in my life i would have had confidence and more disc
of the economy. >>> after that, of course, the super bowl wasn't just one of the on biggest sporting events of the year, it was one of the biggest days of the year for madison avenue. we'll take a look at which ads were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's ceo anthony jenkins will face questions in parliament over banking standards and next week he will present his long awaited plans for transforming the bank. >>> and a number of stories about rbs also
number. we're warning, does it necessarily mean that the market has been wrong about the economy? or was it the one off and was it, you know, some special factors that caused that shrinkage and does it get revised back up and subsequent reports? i've heard a lot of places. this is the best negative gdp report. >> well, if you're going to have to pick a negative one, this would be it. >> but there was a lot of good stuff. >> it doesn't startle the market at all when it came out. >> i don't know whether they're whistling past the grape yard -- the mark was over a contraction, but not negative. >> they were looking for growth of 1%. >> so it was expected to be -- to go down. no one thought it would be negative. but if you're looking for 1% and you minus a tenth -- >> it's off by one. >> you think it's going to hit the unemployment rate? there's a big debate. >> i have no idea. >> i it probably won't this time around -- >> plus one or zero is not a big difference. the reality is you need 3% gdp growth. >> that's assuming that he needs an introduction. >> you're right, he doesn't. thi
winter taking us for a ride the last few days. >> that's right. >>> the other big story, the economy. the powerful rally on wall street. if you've invested in stocks, these are some pretty good days. >> and for the reasons that shares are trading at near record levels, we're pleased to say we are joined here in new york by abc's tahman bradley. good morning, tahman. >> reporter: good morning, sunny and rob. so nice to be up here with you, i brought some good news. seems like the economy is turning around. new data is -- are giving both investors and home owners reasons to smile. the economy posts numbers we haven't seen in years. it looks and feels like a comeback. stocks and the nation's housing market are soaring. the dow jones nearly hit the 14,000 mark yesterday, closing at 13,954, its highest level in five years. after an increase of 850 points in january, the dow is only 200 points away from its all-time high. the result, american investments are surging. the average 401(k) retirement account increased 20% in the last year. from $64,000 to roughly $80,000. >> the worst case sce
in the economy for the first time since 2009. the s & p 500 is up more than 5% so far this month. very, very strong month. >> what can you say? this is a great bull market. it is. i mean, the averages went up big. transports led us, okay. could we go for a breather? it would make sense, but the fed is not stopping. it's not stopping the fed. >> s & p keeps putting out these historical numbers, a 5% gain in january and years like that, just going back to '50, 1950, 31% for the year, 27, 26, 31, 45. i mean, just -- does this year hold that potential. >> hear siegel this morning, i know there's controversy, even on this deck, about -- >> for the long term. >> he did call the top. >> he loved housing you and -- my god, i'm sorry. >> my dad's building, the society of towers. >> since the last time we had the gapes, '07, 12-month forward pe is 15. back then, it was 9. we are not overpriced necessarily, given the run that we had. >> keeps rates down, competition from bonds, not so great. i still can't get over that they preserve thafd dividend low tax rate these are bond equivalents, a lot of stock
. it was probably a mistake. he wanted i am sure to show the appear ranges of activity while the economy has remained langwith for these years. we had a deep recession and sputtering and at that time the president wanted to show he cared. he created a blue ribbon commission. how come you are not meeting with them more. when will was the last time you met with them. why don't you talk to these people why don't you worry about jobs. at the closure it's embarrassing with such high unemployment, 23, 24 million people in the wrong situation just not the optics are bad. >> their mission was in the president's view an important one. a lot of people look at this as one, when president obama had a background he never ran a company and never worked for a company. he was a community organize he were and worked at a law firm. didn't work in business. so this was a way in which he would have outreach directly to the business community about their concerns and help guide his agenda toward creating more jobs. he barely met with them and now it's done, chris. is this not just an invitation for more criticis
department. we also didn't realize you were in charge of our economy. just this week, the new gross domestic product number came out, and it turned out here is the a.p. headline that said, defense cuts cause economy to shrink. a plunge in defense spending plummeted the economy into negative territory for the first time since mid-2009. nearly all the cuts were in services, maintenance, and personnel support. this is even before those automatic spending cuts kick in in march. these are the cuts that you guys agreed to back in 2011 that finally kicked in. what is going -- first of all, is the sequester going to happen? >> i certainly hope not. if congress stands back and allows sequester to take place, i think it would really be a shameful and irresponsible act. >> but are you preparing for it? >> we have to prepare for it because, you know, there are members up on the capitol hill that are saying, oh, no, we're going to stand back and let sequester happen. let me tell you, sequester happens, it is going to badly damage the readiness of the united states of america. we have the most powerful mi
had ended eventually, they will be right. if you keep predicting doom, sooner or later the economy will fall into recession and you will be right. the problem comes into timing. into what could potentially go wrong and how soon that could happen and how pervasive the weakness will be. certainly, you look at what the federal reserve was saying or what the treasury was saying at the time prior to the financial crisis. you know, the question is, do they mislead people? did they have a forecast that was contrary to what was prevailing? those are the questions that need to be answered. forecasting is hazardous. particularly, when it involves predictions about the future. mark twain said that. i do not know that, i do not know that you can make that a crime. connell: we rate every deal. we will see what eric holder has to say in a couple minutes. thank you for coming on. we will talk to you soon. dagen: somebody bought that and they turned blind eye to actually looking at securities in the portfolio. connell: it was was a messy time. dagen: barclays setting up a rainy day fund. more than
. chuck todd joins us to talk about the economy and the next secretary of state. >>> a dog fighting ring busted in the district. two dogs are up for adoption. >>> health experts say they have a new update on just how fast the flu is spreading. p. >>> protests outside eye jept turned deadly. a man was shot in the chest. it happened as krouse fought with the police. protesters through molotov cocktails and fire crackers tess walls of the presidential compound. the officers fired back with water cannons and tier gas. president morsi was not there at the time. protesters are demanding a new constitutional and government. >>> the obama administration offered a promise today to religious groups regarding birth control plans. it includes birth control under preventive caring, requiring insurance companies to cover that cost. more than 40 lawsuits were filed, saying that forcen them to provide this kind of coverage is unstill. the new policy will let more organizations opt out, giving women other options for the contraceptive coverage. that's now subject to a 60-day review. >>> former governor s
say the says holding back the economy, the federal reserve is holding back the economy. >> steve liesman will be along at 7:30 eastern. i don't think he would buy into that. we will be here with the release of cnbc's exclusive fed survey. and from the better late than never file, the senate has approved the long delayed $50.5 billion aid package for the vikt manies of superstorm sandy. the approval comes three months after the storm ravaged the east coast destroying thousands of homes and is business in new york and connecticut and new jersey. nine republicans joined democrats in voting yes on the measure. now president obama must sign it into law, which he is expected to do. senate leaders held up the aid and for wrangling' over the new rules, filibusters and some pork in there and all kinds of stuff. andrew asked me today -- i love this. is it okay to wear a jacket? it's fine to wear a jacket when you want to because of -- he goes, look, this shirt needs a jacket. that begs the question, where do you wear a shirt that needs a jacket to cover it up? >> because it's a different l
reports, 157,000 jobs were added to the economy, but the way wall street sees it, it came in soft. wall street is looking at it at a more broader view, and they are looking at the momentum from november and december, and you are seeing a stronger trend continue, so that's good news obviously. but then again there has been an underlying optimism already in the market, and that's being fueled by the federal reserve. and that's buying up mortgage backed treasury and securities, and that's driving interest rates lower so the best game in town as far as investors see it to make money is here in the stock market, and it's driving investors to the stock market. and what moved the needle, it was the jobs number, and how the next milestone for the dow will be the all-time high, and first we will see if it can hold at 14000 at the close, and then we will see what happens. >> how much confidence do we have in this rally? >> some say not much, and others say stocks are making a comeback and the economy is doing that as well. one well known economist talks about this, and here is what he had to say.
new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ [ music ] >> broadcasting across the nation, on your radio and on current tv. this is the bill press show. >> good morning, everyone. this is richard fowler stilling in for bill press on this fine friday morning. the start-off was going to be a grand super bowl weekend. i am pretty sure baltimore is anticipating what could be a win for them this weekend. but in other news i am here filling in for bill, and i am joined by bill's wonderful team who always makes me so welcome. i feel like i am home. >> richard welcome. >> we have peter there. >> there, man. >> dan, phil and cyprian working the cameras and phil getting those calls for us. listen, guys, i have got to tell you, there is a lot of stuff happeni
. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> hey, guys, holding back on front page politics and back to alabama now where there's a news conference on that hostage situation. let's take a listen. >> he's also allowed us to provide coloring books, medication, toys. i want to thank him for taking care of our child. that's very important. at this time i'm going to let you ask me a couple of questions. but you know it needs to be brief. there's very limited -- i'm limited to what i can give you. >> why medication? >> ma'am, i can't release that. >> do we know if he's actually taking it? >> what do we know about the actual state of the child? >> we can only do a couple. >> does he have television and electricity? >> we don't have a lot of details of that, okay? >> [ inaudible ] bus driver -- hit an emergency button inside the bus to call police. >> i don't have any information about that. >> can you tell us anything about your conversations with the suspect? >> we've been in constant communication with mr. dyke
the economy -- raul castro has taken steps to stabilize the economy. many cubans say political reform is badly needed. >> these are not democratic elections. for me, democracy is like when you go and vote for president like chavez. you have many political parties and you push for the change you want in the country. >> for now, the government insists that the one-party system will remain intact with the communist party alone responsible for guiding the politics. what impact the assembly will have in the years ahead is yet to be seen. >> the baltimore ravens have won the super bowl for the second championship title. ravens fans celebrated in baltimore into the early hours after their team beat this entrant cisco 49ers before-31 -- the san francisco 49ers 34-31. there was a power outage for about half an hour. the biggest game of the season was staged in new orleans in the saints -- same stadium which housed thousands seeking shelter from hurricane katrina in 2005. >> it was a game that came down to the last two minutes. ravens were walking away with the first half. then there was a half-time bre
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